Economic Achievements
The contents of the national treasury during Kangxi's reign were:
- 1668 (7th year of Kangxi): 14,930,000 taels
- 1692: 27,385,631 taels
- 1702–1709: approximately 50,000,000 taels with little variation during this period
- 1710: 45,880,000 taels
- 1718: 44,319,033 taels
- 1720: 39,317,103 taels
- 1721 (60th year of Kangxi, second last of his reign): 32,622,421 taels
The reasons for the declining trend in the later years of Kangxi's reign were a huge expenditure on military campaigns and an increase in corruption. To fix the problem, Kangxi gave Prince Yong (the future Yongzheng Emperor) advice on how to make the economy more efficient.
Read more about this topic: Kangxi Emperor
Famous quotes containing the words economic and/or achievements:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)
“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
—Eric Hoffer (1902–1983)